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While inflation has eaten away at Canadians' pocketbooks in recent years, the resulting changes to how marginal tax rates and other benefits are indexed might be a boon for filers.
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For Canadians struggling amidst the rising cost of rent, grocery prices and day-to-day necessities, a handful of government benefits and credits are available in 2024. It's recommended that Canadians verify their eligibility as they could be entitled to thousands of dollars next year.
Inflation is still running high, so most of the important tax figures have been substantially increased for 2024. Read on for the details.